EWY vs. MCHI
Compare and contrast key facts about iShares MSCI South Korea ETF (EWY) and iShares MSCI China ETF (MCHI).
EWY and MCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWY is a passively managed fund by iShares that tracks the performance of the MSCI Korea Index. It was launched on May 12, 2000. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011. Both EWY and MCHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWY or MCHI.
Key characteristics
| EWY | MCHI | |
|---|---|---|
| YTD Return | 0.24% | 8.59% |
| 1Y Return | 9.51% | -4.65% |
| 3Y Return (Ann) | -9.40% | -16.47% |
| 5Y Return (Ann) | 4.51% | -4.13% |
| 10Y Return (Ann) | 2.29% | 2.11% |
| Sharpe Ratio | 0.44 | -0.17 |
| Daily Std Dev | 21.32% | 25.47% |
| Max Drawdown | -74.14% | -62.84% |
| Current Drawdown | -27.59% | -51.50% |
Correlation
The correlation between EWY and MCHI is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EWY vs. MCHI - Performance Comparison
In the year-to-date period, EWY achieves a 0.24% return, which is significantly lower than MCHI's 8.59% return. Over the past 10 years, EWY has outperformed MCHI with an annualized return of 2.29%, while MCHI has yielded a comparatively lower 2.11% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EWY vs. MCHI - Expense Ratio Comparison
Both EWY and MCHI have an expense ratio of 0.59%.
Risk-Adjusted Performance
EWY vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Korea ETF (EWY) and iShares MSCI China ETF (MCHI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
EWY vs. MCHI - Dividend Comparison
EWY's dividend yield for the trailing twelve months is around 2.51%, less than MCHI's 3.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWY iShares MSCI South Korea ETF | 2.51% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% | 1.20% | 1.39% |
MCHI iShares MSCI China ETF | 3.22% | 3.49% | 2.14% | 1.03% | 1.03% | 1.44% | 1.58% | 1.54% | 1.64% | 2.76% | 2.35% | 2.37% |
Drawdowns
EWY vs. MCHI - Drawdown Comparison
The maximum EWY drawdown since its inception was -74.14%, which is greater than MCHI's maximum drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for EWY and MCHI. For additional features, visit the drawdowns tool.
Volatility
EWY vs. MCHI - Volatility Comparison
iShares MSCI South Korea ETF (EWY) and iShares MSCI China ETF (MCHI) have volatilities of 7.71% and 7.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.